Islamabad (Web Desk): Prime Minister Shehbaz Sharif on Friday expressed his satisfaction as the Pakistan Stock Exchange (PSX) achieved a remarkable milestone, surging by 1,800 points in a single trading session and pushing the KSE-100 index to an all-time high of 120,000 points.
In a statement issued by the PM Office, the premier attributed this substantial market growth to the growing confidence of investors in the government’s economic policies, which have been pivotal in stabilizing market conditions and fostering a positive business environment.
PM Shehbaz underscored that the recent reduction in power tariffs is a key development, signaling both relief for domestic consumers and an encouraging signal for the business and industrial sectors.
The decrease in energy costs is expected to create a more favourable operational environment for businesses, further strengthening economic growth.
Reflecting on the past year, the prime minister credited the government’s strategic economic measures for the improvements in the business landscape and the stabilization of macroeconomic indicators.
PM Shehbaz reassured stakeholders that the government remains committed to creating a conducive, investor-friendly environment, which continues to yield positive results for the economy.
Earlier today, the PSX achieved a significant milestone, surpassing the psychological threshold of 120,000 points during the trading session.
The 100 Index, which closed at 118,938 points yesterday, surged to 120,590 points, marking an increase of over 1,600 points.
This upward movement in the market signals growing confidence within the business community, reflecting their belief in the government's economic policies.
The strong performance of the stock exchange highlights the positive market sentiment, suggesting that investors are optimistic about the nation's economic outlook.